- TRON’s Just.Game becomes No.1 Dapp within hours of launch.
- Over 664 million in TRX has been sent to the automated smart contract.
- Critics say the app’s structure too closely resembles that of a Ponzi scheme.
A new decentralized application (Dapp) promoted by TRON founder Justin Sun has racked up over 664 million TRX mere hours after its launch.
Just.Game describes itself as an “autodecentric (self-decentralizing) organization.” To play the “game,” a user must send TRX to the Dapp’s smart contract, and then promote the Dapp by posting referral links on social media.
TRON’s Just.Game – A Top-Down Promotion App
Just.Game promises to be profitable – as long as more users continue to sign up. But as
many have already pointed out, the top- Down “autodecentric” structure of the Dapp displays a startling resemblance to a typical Ponzi scheme.
Greeting users on the Just.Game website is the following passage:
Just.game is an (autodecentric(self-decentralizing) organization that creates a playable game on the TRON blockchain. This organization acts as an individual entity, employing humans to fulfill its own needs, goals and desires by paying them.
Much like themethodology employed by the recently covered HEX, the creators of Just. Game take great pains to depict the program as ownerless. This seems to be an attempt to preemptively pour cold water on any prospective SEC investigation, since an automated smart contract can’t be charged with a crime.
Justin Sun took to Twitter on Monday tocelebrate the Dapp accruing million TRX (~ $ 7 million).However, the man With over 2 million followers failed to attract a single positive comment on his announcement thread.**************************
********* (Less than) ************************************************************************************ hours since launch, over $ 7 million USD in TRX has been sent to the Dapp. But while Ponzi accusations continue to fly, it may be worth recalling what the cryptocurrency community already knows about Dapp numbers.
Crypto Dapps – A History of Lies
In Q1 of (****************************************************************, EOS (EOS) was the blockchain with the most highly utilized Dapps. At the time, the busiest Dapp in the world processed around $ 6 million worth of transactions per day. Yet an independent analysis at the time suggested that (**********************************************************************************% of the Dapp’s userbase was made up of bots
Fast forward
Couple this with what we know about TRON – namely, the allegation by a TRON Dapp developer that Justin Sun inflates his own Dapp numbers – and we find a reason to take Just.Game’s current success with a healthy pinch of salt.
(This article was edited by**** (Josiah Wilmoth) . (************************************************ (****************************************************
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